Indonesia’s Consumers Optimism Weakens as Economic Growth Slows
Indonesia’s consumers were the least optimistic in nearly 1-1/2 years in September as the economy showed further signs of slowing, a Bank Indonesia survey showed on Thursday.
The September consumer confidence index fell fractionally to 107.1, down from 107.8 in August and the lowest level since 109.0 in May 2012.
A reading above 100 indicates that consumers in general are optimistic.
The survey of 4,600 households in 18 major cities in the archipelago showed that consumers were worried about wages, the availability of jobs and business conditions.
Price pressures are expected to mount in the next three months, led by raw and processed foods, beverages, cigarettes and tobacco, in line with higher demand for Christmas.
Those pressures are expected to continue to rise heading into general elections in April 2014.